Schroders PLC has disclosed a 1.219% interest in Redrow PLC, representing 4,031,478 shares. The disclosure was made on 8th May 2024. Additionally, Schroders PLC has made a sale of 100,000 10.5p ordinary shares in Redrow PLC at a price of 6.88316039 GBP per unit. The company has stated that it does not have discretion regarding dealing and/or offer acceptance/voting decisions in respect of 1,340,000 shares that are included in the total above.
The disclosure also mentions that Schroders PLC is making disclosures in respect of Barratt Developments PLC. However, no specific details regarding Barratt Developments PLC were provided in this disclosure.
The disclosure does not include any indemnity or option arrangements, agreements, arrangements, or understandings relating to options or derivatives. No supplemental form was attached to the disclosure. The disclosure was made to a Regulatory Information Service and emailed to the Takeover Panel at [email protected].
This disclosure is in accordance with Rule 8.3 of the Takeover Code and is aimed at providing transparency regarding Schroders PLC's interests and dealings in Redrow PLC and Barratt Developments PLC.